The Chain logo

Bull Markets Make You Money. Bear Markets Make You Wealthier

by Estalontech about a month ago in bitcoin
Report Story

There is an EXTREMELY high level of risk connected with the potential for bitcoin investment.

Due to the fact that it is a new technology that has not been tested very thoroughly in a wide variety of settings, there are con artists hiding around every corner. A new bear market has recently begun, which will make the situation considerably more difficult than it already was. The previous week, we saw the demise of a cryptocurrency that was ranked in the top 10 alongside its stable coin.

Since the all-time high for Bitcoin was hit in November , we have been in a technical bear market. The precipitous drop in the value of the cryptocurrency has had a catastrophic impact, and as a result, prices are currently being pummeled. Now is the moment for us to ensure that our investment will be successful in the long run and get ourselves prepared for the next phase of expansion. The future success that we have throughout the succeeding bull market will be directly proportional to the decisions that we make right now.

Bull markets make you money. Bear markets make you rich.

The kind of life-altering fortune that you hear individuals gain from cryptocurrencies will not be produced by investing what little extra money you have available during a bull run. Nonetheless, it will grow your investment fund until the next time everything crashes down 70–90%, and then you reinvest the profits taken off the top for the next bull run, which is when truly life-changing riches are created. Putting aside whatever money you can during a period of rising prices will increase your investment fund for the next period of falling prices by 70–90%.

It would be wise to educate yourself about the space and markets during this period so that you can rely on yourself as little as possible on YouTube and Tiktok personalities and degenerates from those from social media platform from Twitter and reddit .

This is because there are few and far between those who are not in it for clickbait and affiliate money and who are not specialist but acting smart to newbies who honestly do not know any better.

The method of investing in best most promising cryptocurrency that involves the least amount of work and the least amount of danger is to stick with a Dollar Cost Averaging plan. While the market is in a bear market, fear of missing out (FOMO) should not be experienced in relation to low-cost alternative cryptocurrencies or unknown enterprises.

Poor business ventures or crypto projects will be eliminated in a market that is shrinking, and great ones will advance to the head of the industry. Why put yourself through the mental anguish of attempting to identify winners and losers when you can just ride the bear and gain large rewards from the rebound of top-tier cryptocurrencies?

Riding the bear allows you to avoid the mental discomfort on daily following up under each crypto on their progress and development but more on BTC dominance and markets correlation to the stock exchange and factors affecting on the movement from technical chart analysis

Hopes for an Imminent End to the Crypto winter have been reignited.

A $500 Dollar Cost Averaging investment in Bitcoin appears to have delivered returns of more than 200 percent over the last few months, surviving recent crypto winters. These profits have been achieved despite the fact that Bitcoin has weathered preceding crypto winters.

One of your key worries should be averting another Terra Luna and safeguarding your capital so that you can have success in the future. This will increase your chances of being successful. The use of the DCA method to invest in cryptocurrencies, along with a few watchful thoughts and technical analysis of with the wick candle and its considerations, is the best option that is now available.

The art of market timing as a profession and a discipline

The highs and lows of the market are impossible to predict with any degree of accuracy. When talking heads and pundits attempt to foresee the future, it makes for wonderful entertainment, but in reality, no one can precisely predict where the peaks and valleys will be.

After Terra Luna was obliterated the previous week, there was a considerable amount of interest in getting involved by retail and institutional investor . If they had been successful in their attempt to catch a falling knife, they would have been able to brag about the time they made the right decision and did not get rekt for weeks, if not for the rest of their lives, which is how long they would have been able to gloat about it. based on recent data , it seems many retail investor has left the scene since the repegging

Money is made in Bear markets while Fortunes are made in Bull markets.

Liberation from debt comes from money, not fortunes.

Although it is less glamorous, the decision to turn DCA provides for the continued upkeep of capital.( cash is King ) If a cryptocurrency’s fundamentals were poor when its valuation was high, then investing in it today, when its price is lower, is still not a good idea because the fundamentals have not improved.

The general public has arrived at the conclusion that this particular cryptocurrency was overrated, and as a direct result, the price has started to return to its typical level. You should surely work on building up your self-control in order to refrain from taking part in these activities. This will allow you to stay away from them. You will, in almost all circumstances, be the one left holding the bag, and you run the danger of getting rekt in the process.

Another piece of advice is to invest only money that you can afford to lose and to purchase a modest amount of DCA each week or month so that you do not overextend your finances, which could lead to additional issues in your life.

This is important because overextending your finances could lead to additional problems in your life. This is significant since stretching your financial resources too far could result in extra difficulties in other areas of your life.

Having a plan and sticking to it no matter what is required in order to make an educated choice regarding financial investments. Although this does not guarantee that you will be successful, it is a reasonable investment, and it is something that can be altered as part of the process of reviewing your portfolio.

If you charge your credit card to its maximum limit in order to take part in the most current pump and dump, you are giving your sentiments the power to govern the decisions that you make. If you make erratic judgments regarding your finances without having a firm base, this can cause issues with your cash flow, and it can even cause issues in your personal relationships..

As a direct consequence of the collapse of the UST, stable coins have taken on a look that is noticeably less steady than before. If you want to keep your money safe or reduce the amount of volatility in the market, one of the other coins that have audited reserves could be an alternative answer for you to consider.

Getting out of ETF

You should get a cold wallet or shift your cryptocurrency holdings away from the centralized exchanges on which you presently hold the private keys as soon as possible. The moment is right for any of these options.

Who knows which cryptocurrency exchanges have hypothecated their assets and which ones are overexposed to projects that have a risk of failing? There is add -On risk instead unless investor has other better reason of their own to keep using exchange , as there is where the crowd Is !!

When the house is on fire, now is not the time to pursue returns of three to four percent on your cryptocurrency assets. Check to see that your investments are secure so that you can remain profitable throughout the next upswing in the market.

#Disclaimer Note : This publication is not intended for use as a source of any financial , money making legal, medical or accounting advice. The information contained in this guide may be subject to laws in the United States and other jurisdictions. We suggest carefully reading the necessary terms of the services/products used before applying it to any activity which is, or may be, regulated. We do not assume any responsibility for what you choose to do with this information. This article is not meant for financial advice , Use with your own judgment.

bitcoin

About the author

Estalontech

Estalontech is an Indie publisher with over 400 Book titles on Amazon KDP.Being a Publisher , it is normal for us to co author some of our publications with brainstorm on interesting contents which we will like to share on this paltform

Reader insights

Be the first to share your insights about this piece.

How does it work?

Add your insights

Comments

There are no comments for this story

Be the first to respond and start the conversation.

Sign in to comment

    Find us on social media

    Miscellaneous links

    • Explore
    • Contact
    • Privacy Policy
    • Terms of Use
    • Support

    © 2022 Creatd, Inc. All Rights Reserved.